CCI approves the acquisition of shareholding in India Business Excellence Fund – IV by VVDN Technologies Private Limited

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..... CCI approves the acquisition of shareholding in India Business Excellence Fund – IV by VVDN Technologies Private Limited
News and Press Release
Dated:- 11-12-2024

Competition Commission .....

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..... of India approved the acquisition of shareholding in India Business Excellence Fund - IV by VVDN Technologies Private Limited. India Business Excellence Fund - IV (Acquirer) is a Category II alternat .....

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..... ive investment fund registered with the Securities and Exchange Board of India. It primarily invests in equity and equity-linked instruments and/or debt and/or mezzanine or other instruments of Indian .....

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..... or India related companies. It is a sector-agnostic fund, providing growth capital to mid-sized companies. VVDN Technologies Private Limited (Target) is engaged in the business of providing Electron .....

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..... ic Manufacturing Services (EMS)/ Original Design Manufacturing (ODM) services. The Target provides its EMS/ ODM services to both domestic and global customers in the following business verticals: 5G, .....

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..... networking & Wi-Fi, Internet of Things, camera-based solutions, cloud-based solutions, and data centre infrastructure. The Proposed Combination relates to acquisition of shareholding by the Acquirer .....

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..... in the Target through a combination of secondary share purchases of equity shares and subscription to compulsorily convertible debentures (Proposed Combination). Detailed order of the Commission will .....

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..... follow.
News - Press release - PIB .....

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